Team Geo Resources Plans a Graphite Mining Project in Jharkhand

A new graphite mining project is being planned by Team Geo Resources Private Limited (TGRPL) in the Jharkhand villages of Dhangaon, Koiripotra, Naudiha, and Shonsh. The project is anticipated to be finished in the first half of 2025 and have a 25595-ton graphite ore capacity. 3 crores are needed for the project.

The project will involve the acquisition of mining leases in Shonsh, Koiripotra, Naudiha, and Dhangaon Village, Palamu, Jharkhand. The company has already acquired mining leases for a total of 100 acres of land. The project will also involve the construction of new mining and processing facilities to extract and process the graphite ore.

The project is expected to be completed within 24 months of commencement of construction.

The total estimated budget for the project is 3 Crores. The project will be financed through a mix of equity and debt.

The project is currently in the stage of being approved. Currently awaiting approval from the government. There is currently no other information that has been decided.       

News By Rahul Yelligetti